以资本经营战略推动我国电信企业国际化

Accelerating the Internationalization of Chinese Telecom Corporations through Capital Operation Strategy

现代电信企业由于其经济属性和技术特点,随着国内电信市场的日趋饱和以及别国电信市场控制的放松,电信企业便会产生强烈的国际扩张愿望,力图通过摊薄后更低的边际成本来获取更大的市场份额和投资回报。而资本经营是国外电信企业走向国际化的重要手段。我国电信企业目前在这方面还存在着一些问题,主要有企业战略管理较弱、资本经营的意识不强、人才匮乏、缺少有效的激励约束机制等。

Because of the economic property and technical characteristics of modem telecom companies, and with the gradual saturation of domestic telecom market and relaxed conrail of foreign telecom market, telecom companies have a strong desire on international expansion and they try to obtain more market share and investment return throgh lower apportioned marginal cost. Capital operation is an important way for foreign telecom companies to reach internationalization. At present. Chinese telecom corperations are facing some problems on capital operation, e.g. the management of company strategy and the consciousness of capital operation are not strong; talents and effective inspiriting and restrictive mechanisms are insufficient.